Personal Tax

Articles

Tax Codes and What they Mean

19

June 2022

19

June 2022

Tax Codes and What they Mean

Have you ever looked at your payslip or notice of coding from HMRC and wondered just what your tax code actually means ? It’s quite possible that like a lot of people, you find it all a little mystifying and bit above your head – if that’s you, this short article should help to unpack what your tax code is telling you and make better sense of your payslip next time you look at it in detail.

Taxing Overseas Earnings

8

June 2022

8

June 2022

Taxing Overseas Earnings

The UK tax system is relatively straightforward if during your time in this country, you only have income and gains from UK sources. However, if you work abroad or have income from assets overseas, understanding the implications for your tax position in the UK can be a minefield with so many rules and regulations to consider, both here in the UK and abroad. Whilst a full consideration of the various regimes abroad is a matter for locally based specialists, this article aims to give you an overview of some of the rules that apply in the UK and provide you with some pointers for additional research.

Chancellor Freezes Tax Allowances

5

March 2021

9

November 2021

Chancellor Freezes Tax Allowances

The income tax personal allowance and higher rate threshold will be frozen from 6 April 2022 until 5 April 2026. The capital gains tax annual exempt amount, the pensions lifetime allowance and the IHT and residence nil rate bands, meanwhile, will be frozen at their current rates.

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